Diligence memo · auto-generated · as of July 2, 2026
Notion Labs, Inc.
Notion Labs, Inc. looks over-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Notion Labs, Inc. operates in Software / Tech, based in SAN FRANCISCO.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Notion Labs, Inc. has raised $327M in disclosed capital across 3 recorded rounds, aggregated from public filings. Its latest round is modeled as Series D+ (a $100M–$400M round).
Largest single filing: $260M on 2021-09-28.
Most recent recorded round closed around 2021-09-28.
Valuation (modeled)modeled
Provath models Notion Labs, Inc. at approximately $6.0B (range $1.4B–$11.4B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 1.82× the median modeled value of Series D+ Software / Tech companies in 2019–2021 (34 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 13 months.
Last raise 4.8 yr ago; this sector typically re-raises about every 13 months.
Silent for over 3× the sector's normal cadence.
The last round stepped up 5.3× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 99% of Software / Tech peers (3920 compared).
Modeled value ranks above 99% of those peers.
Closest niche peers: Mango Technologies, Inc., Cloud Guru Group Inc., Alternative Platform LLC, Astranis Space Technologies Corp., Badger Technology Co Holdings Ltd.
Peoplefiled
3 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.